California Public Employees Retirement System Portfolio holdings
The California Public Employees’ Retirement System (CalPERS), established in 1932 and headquartered in Sacramento, California, is the largest public pension fund in the U.S., managing over $510 billion in assets as of late 2024 to provide retirement and health benefits to more than 2 million state and local government employees, retirees, and their families. Operating as a defined benefit plan, CalPERS invests globally across equities, fixed income, real estate, private equity, and infrastructure, guided by a 13-member board and a commitment to sustainable investing and ESG (environmental, social, governance) principles under Chief Investment Officer Ben Meng since 2024. Known for its influential shareholder activism—pushing for corporate governance reforms—CalPERS serves over 3,000 employers, including state agencies and school districts, balancing long-term funding needs with a $100 billion unfunded liability challenge. As a cornerstone of California’s public sector, it blends financial stewardship with a mission to secure retiree livelihoods.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$135M |
| 2 |
Coca-Cola
KO
|
+$126M |
| 3 |
PepsiCo
PEP
|
+$122M |
| 4 |
Procter & Gamble
PG
|
+$102M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$101M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$292M |
| 2 |
Mastercard
MA
|
+$244M |
| 3 |
Apple
AAPL
|
+$197M |
| 4 |
RTN
Raytheon Company
RTN
|
+$143M |
| 5 |
Northrop Grumman
NOC
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.56% |
| 2 | Financials | 15.24% |
| 3 | Healthcare | 13.8% |
| 4 | Consumer Discretionary | 10% |
| 5 | Industrials | 8.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1951
GDS Holdings
GDS
$6.97B
| $1.5M | ﹤0.01% |
42,115
-18,324
| -30% | -$555K |
|
|
NVEE
1952
DELISTED
NV5 Global
NVEE
| $1.5M | ﹤0.01% |
101,288
-2,800
| -3% | -$48.2K |
|
1953
Editas Medicine
EDIT
$432M
| $1.5M | ﹤0.01% |
61,300
-9,782
| -14% | -$221K |
|
1954
HCI Group
HCI
$2.32B
| $1.5M | ﹤0.01% |
35,046
-6,532
| -16% | -$301K |
|
|
INN
1955
Summit Hotel Properties
INN
$656M
| $1.5M | ﹤0.01% |
131,199
-28,918
| -18% | -$320K |
|
|
CSII
1956
DELISTED
Cardiovascular Systems, Inc.
CSII
| $1.5M | ﹤0.01% |
38,679
-900
| -2% | -$30.5K |
|
|
NPKI
1957
NPK International
NPKI
$1.18B
| $1.49M | ﹤0.01% |
162,428
+4,279
| +3% | +$36.7K |
|
|
IBTX
1958
DELISTED
Independent Bank Group, Inc.
IBTX
| $1.49M | ﹤0.01% |
28,991
+24,597
| +560% | +$1.32M |
|
1959
Opko Health
OPK
$1.04B
| $1.49M | ﹤0.01% |
568,845
+38,645
| +7% | +$117K |
|
1960
Extreme Networks
EXTR
$3.16B
| $1.48M | ﹤0.01% |
198,147
+7,047
| +4% | +$51.4K |
|
|
ATRS
1961
DELISTED
Antares Pharma, Inc.
ATRS
| $1.48M | ﹤0.01% |
488,795
| – | – |
|
|
SPN
1962
DELISTED
Superior Energy Services, Inc.
SPN
| $1.48M | ﹤0.01% |
31,712
-4,639
| -13% | -$200K |
|
1963
Golar LNG
GLNG
$5.21B
| $1.48M | ﹤0.01% |
70,114
-9,966
| -12% | -$220K |
|
1964
WisdomTree
WT
$3.44B
| $1.48M | ﹤0.01% |
209,388
-11,669
| -5% | -$80.3K |
|
1965
DXP Enterprises
DXPE
$3B
| $1.48M | ﹤0.01% |
37,900
-1,048
| -3% | -$36.5K |
|
|
RCM
1966
DELISTED
R1 RCM Inc. Common Stock
RCM
| $1.47M | ﹤0.01% |
152,347
-23,452
| -13% | -$212K |
|
|
LGF.A
1967
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $1.47M | ﹤0.01% |
94,143
-1,300
| -1% | -$21.5K |
|
|
TWNK
1968
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $1.47M | ﹤0.01% |
117,625
-2,800
| -2% | -$32.7K |
|
1969
Cactus
WHD
$5.78B
| $1.47M | ﹤0.01% |
41,264
-900
| -2% | -$30.7K |
|
|
VRS
1970
DELISTED
Verso Corporation
VRS
| $1.47M | ﹤0.01% |
68,507
-14,308
| -17% | -$330K |
|
1971
Adtran
ADTN
$658M
| $1.47M | ﹤0.01% |
107,024
-10,507
| -9% | -$145K |
|
1972
Vericel Corp
VCEL
$2.28B
| $1.47M | ﹤0.01% |
83,720
-2,493
| -3% | -$45.6K |
|
1973
Amphastar Pharmaceuticals
AMPH
$858M
| $1.46M | ﹤0.01% |
71,540
+45,966
| +180% | +$1.03M |
|
1974
Cavco Industries
CVCO
$4.67B
| $1.46M | ﹤0.01% |
12,437
-2,189
| -15% | -$299K |
|
|
WOW
1975
DELISTED
WideOpenWest
WOW
| $1.46M | ﹤0.01% |
160,336
+103,442
| +182% | +$846K |
|
Similar funds
California Public Employees Retirement System's Q1 2019 Portfolio in Review
As of Q1 2019, California Public Employees Retirement System held 3,308 positions worth $81.2B, up 14% from $71.3B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 4.6%. California Public Employees Retirement System opened 56 new positions and exited 97, leaving the 3,308-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Financials and Healthcare.
- California Public Employees Retirement System's largest Q1 2019 buy was Fox Class B: 1,093,604 shares worth $39.2M.
- California Public Employees Retirement System added most to Walt Disney in Q1 2019, an estimated $135M increase.
- California Public Employees Retirement System's biggest Q1 2019 reduction was Athene Holding Ltd. Class A Common Shares, cutting an estimated $292M.
- California Public Employees Retirement System fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $84.9M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $81.2B portfolio in Q1 2019.
- California Public Employees Retirement System opened 56 new positions and closed 97 in Q1 2019.
- California Public Employees Retirement System's portfolio value rose 14% quarter-over-quarter to $81.2B.
Based on California Public Employees Retirement System's 13F filing for Q1 2019, filed 3 May 2019.